Common use of Further Adjustments to the Value of Materials Clause in Contracts

Further Adjustments to the Value of Materials. 1. Each Party shall provide that for a non-originating material or material of undetermined origin, the following expenses may be deducted from the value of the material: (a) the costs of freight, insurance, packing, and all other costs incurred in transporting the material to the location of the producer of the good; (b) duties, taxes, and customs brokerage fees on the material paid in the territory of one or xxxx of the Parties, other than duties and taxes that are waived, refunded, refundable, or otherwise recoverable, which include credit against duty or tax paid or payable; and (c) the cost of waste and spoilage resulting from the use of the material in the production of the good, less the value of reusable scrap or by-product. 2. If the cost or expense listed in paragraph 1 is unknown or documentary evidence of the amount of the adjustment is not available, then no adjustment is allowed for that particular cost.

Further Adjustments to the Value of Materials. 1. Each Party shall provide that for a non-originating material or material of undetermined origin, the following expenses may be deducted from the value of the material: (a) the costs of freight, insurance, packing, and all other costs incurred in transporting the material to the location of the producer of the good; (b) duties, taxes, and customs brokerage fees on the material paid in the territory of one or xxxx more of the Parties, other than duties and taxes that are waived, refunded, refundable, or otherwise recoverable, which include credit against duty or tax paid or payable; and (c) the cost of waste and spoilage resulting from the use of the material in the production of the good, less the value of reusable scrap or by-product. 2. If the cost or expense listed in paragraph 1 is unknown or documentary evidence of the amount of the adjustment is not available, then no adjustment is allowed for that particular cost.